Experience building and developing Korean internet of things (IoT) and lessons learned for Vietnam

Authors

  • Bach Tan Sinh

Keywords:

IoT, National absorptive capacity, IoT development plan

Abstract

The article uses the concept of “national absorptive capacity” to build a framework to analyze Korea's experience in building and developing the internet of things (IoT) with 4 pillars: (i) General readiness of the economy; (ii) Takeoff-ready factors; (iii) Transformational factors; (iv) and Drivers for innovation and creativity. From Korea's experience, the article proposes some suggestive lessons for Vietnam in building and developing the internet of things in accordance with the context of developing countries.

Code: 21092501

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References

1. Frontier-economics (2018). The Economic Impact of IoT - PUTTING NUMBERS ON A REVOLUTIONARY TECHNOLOGY.

2. International Data Corporation IDC (2016). Báo cáo “Các quốc gia G20 và IoT: Đánh giá so sánh” năm 2016.

3. Korea Information Society Development Institute (KISDI) (2016). Viet Nam - KoreaTechnology Cooperation in Internet of Things (IoT) Report.

4. Ministry of Science, ICT and Future Planning Korea (MSIP) (2014). Master Plan for Building the Internet of Things (IoT) that leads the hyper-connected, digital revolution. Gwacheon. Republic of Korea.

5. Portulan Institue (2020). Network Readiness Index 2020 South Korea. <https://networkreadinessindex.org/countries/korea-rep/>

6. Purdy, M và Davarzani, L (2015). The Growth Game-Changer: How the Industrial Internet of Things can drive progress and prosperity.

7. WEF and INSEAD, (2016). The Global Information Technology Report 2016.

8. World Bank (2017), INTERNET OF THINGS - The New Government to Business Platform - A REVIEW OF OPPORTUNITIES, PRACTICES, AND CHALLENG.

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Published

26-01-2022

How to Cite

Sinh, B. T. (2022). Experience building and developing Korean internet of things (IoT) and lessons learned for Vietnam. Journal SCIENCE AND TECHNOLOGY POLICIES AND MANAGEMENT, 10(3), 105–120. Retrieved from https://vietnamstijournal.net/index.php/JSTPM/article/view/378

Issue

Vol. 10 No. 3 (2021)

Section

STUDIES OF STRATEGIES AND MANAGEMENT

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